Structuring Success

There are three main pillars of corporate decisions that all financial managers have to make. These three most important decisions confronting all corporations include capital, investment and dividend choices. All public and private industries similarly are faced with these three main challenges. Hence, almost all corporate enterprises fundamental obligation is to minimize the firm's cost of capital and maximize returns to equity owners. The right choices of assets and liabilities that can minimize and maximize corporate costs and returns respectively are hectic to finance managers. The capital structure decision according to Delic, Peterka and Kurtovic (2016) is one of the main pillars of corporate decisions that a finance manager has to carefully make. Though, in the finance texts, the subject on capital structure is widely investigated, the results from the investigation of capital structure in the travel and leisure sector are somehow inclusive and scanty.